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Tax deduction at source. Tax deduction at source (TDS) is an Indian withholding tax that is a means of collecting tax on income, dividends, or asset sales by requiring the payer (or legal intermediary) to deduct tax due before paying the balance to the payee (and the tax to the revenue authority). Under the Indian Income Tax Act of 1961, income ...
The Income Tax Department (also referred to as IT Department; abbreviated as ITD) is a government agency undertaking direct tax collection of the government of India. It functions under the Department of Revenue of the Ministry of Finance. [5] The Income Tax Department is headed by the apex body Central Board of Direct Taxes (CBDT).
In India, a Tax Deduction and Collection Account Number (TAN) is a 10 digit alpha-numeric number issued by the Income Tax Department to the persons who are required to deduct or collect tax on payments made by them under the Indian Income Tax Act, 1961. [1]
Jonathan Taylor had two touchdown runs and Trey Sermon added another Sunday as the Indianapolis Colts held on for a 21-16 victory over the Chicago Bears. Taylor ran 23 times for 110 yards as the ...
Andy Dalton gave the Panthers the quarterback play they've been sorely lacking, throwing for 319 yards and three touchdowns to lead Carolina past the Las Vegas Raiders 36-22 on Sunday. Promoted to ...
Corporate taxes (33.99%) Other taxes (2.83%) Excise taxes (20.84%) Customs duties (17.46%) Other taxes (8.68%) other taxes (11.96%) Income tax in India is governed by Entry 82 of the Union List of the Seventh Schedule to the Constitution of India, empowering the central government to tax non-agricultural income; agricultural income is defined ...
Saquon Barkley's 2 fourth-quarter TDs lift Eagles over Saints in a defensive 15-12 thriller; Thomas' triple-double leads Connecticut to win over Indiana and Caitlin Clark in WNBA playoff opener; The Chicago White Sox have tied the post-1900 MLB record of 120 losses by the 1962 expansion New York Mets; More Top Sports Headlines
The Income Tax Act, 1961, and the Income Tax Rules, 1962, require citizens to file their tax returns with the Income Tax Department at the end of every financial year and this form is a part of the filing process as specified by the Government of India. The due date for filing return with the Income Tax Department of India is 31 July every year.